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Wu said that, according to Herald Economy, Korean financial authorities are pushing for relaxed digital asset regulations, planning to abolish the de facto "1 Exchange - 1 Bank" practice within the year, and are studying measures such as allowing digital asset derivatives and opening corporate accounts to participate in trading, to enhance market competition and liquidity, and prevent trading shrinkage. The "1 Exchange - 1 Bank" is a practice formed under Korea's real-name and anti-money laundering regulations, requiring each virtual asset exchange to be linked to only one bank as a fiat deposit and withdrawal channel.